There was a complicated wxy formation in the B wave. As i said in my previous analysis I'm long in the short term.
I'm sell USDZAR for correction wave
ZAR is strengthening as level 3 lockdown enters this week.
We are reaching the lows in the range right on time for SARB today. Markets are expecting a 50bps move, a little bird tells me that we are set for more... Remember the domestic story in South Africa is only going one way; sadly it's the same outcome as Turkey. On the technical side, tracking closely the 18.00 support to build longs outguessing a dovish...
FX:USDZAR Testing bottom of the rectangular pattern. Break bellow will open 16.80-17.00 as target.
Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level , in line with our 38.2% fibonacci retracement . The video analysis is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level, in line with our 38.2% fibonacci retracement. The written version is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
According to the type of induction that London did, we can see a follow-up of purchases in new york with structure
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 USDZAR technicaly based idea, we can see price is bounce from supp line - trend line, two tops are created,...
Currently developing bearish flag pattern. Waiting for a break of the low to validate the move.